June 2010

A Revision of "Long Term Care Insurance at the Worksite" Published; Includes 2010 Healthcare Reform Update

Morristown, NJ June 30, 2010 - Many companies seem conflicted by a key part of the recent Health Reform legislation, the CLASS Act, which will offer a form of long term care insurance for working people who may become disabled. "CLASS" stands for Community Living Assistance Services and Supports, and the program, a legacy of the late Senator Edward Kennedy, is intended to offer new choice and security for millions now at risk. But, "We find that those who manage employees or employee benefits don't know how to react," says Michael FitzPatrick, Morristown-based agent with LTC Financial Partners, one of the nation’s most experienced long term care insurance agencies. "That includes corporate executives and human resource managers as well as small business owners. Most seem at a loss right now, waiting for clarification."CONTINUE READING

September 2010

LTC Financial Partners Teams with eWomenNetwork to Provide Free Long Term Care Information

Morristown, NJ September 29, 2010 - Women have special long term care needs -- but not just because they often come down with longer-lasting illnesses and disabilities. When there's no long term care insurance for a couple or family members, women typically end up as the default, unpaid caregivers. "Lack of LTC insurance not only hurts women when they themselves need care," says Michael FitzPatrick, Morristown-based Partner of LTC Financial Partners. "More often, it hurts them when they have to drop everything to care for another uninsured loved one." CONTINUE READING

November 2010

Soon Many Employees in New Jersey Will Be Asking, "Hey, Boss, Which Long-Term Care Policy Should I Get?"

Morristown, NJ November 10, 2010 - A new employee benefit is coming for millions of American employees: access to affordable long-term care insurance (LTCI). So says Michael B. FitzPatrick, an industry expert with offices in Morristown. LTCI provides funds for in-home or nursing-home care in case of longer-lasting illnesses or disabilities not covered by regular health insurance.CONTINUE READING

November 2010

TAX ALERT: Increased Federal Deductions Make Long-Term Care Insurance More Affordable for Many

Morristown, NJ November 18, 2010 - Taxpayers planning to buy long-term care insurance in 2011 may deduct a larger portion of their premiums than ever, thanks to the Internal Revenue Service (IRS). The new deductible limits for eligible long-term care premiums includable in the term ‘medical care’ are --CONTINUE READING

December 2010

Morristown, NJ December 14, 2010 - According to the Society of Actuaries, the leading cause of U.S. long-term care claims is Alzheimer's, the brain disease that renders over five million Americans unable to handle all the acts of daily living unaided. Who cares? Evidently President Obama does, having written a pro-active column in the Fall 2010 issue of care ADvantage, published by the Alzheimer's Foundation of America. CONTINUE READING

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